-
Gold bugs are back ... sort of
Gold is making a comeback, at least for today. The precious metal shot above $1,600 an ounce Monday, as rattled investors looked for safe spots to park off while Cyprus sorts out its banking issues. Over the weekend, it seemed like the tiny nation was going to get its 10 billion euro bailout and it would be business as usual. But then the strings were attached, in the form of a tax on all bank deposits. That caused Cypriots to swarm ATM's in an effort to pull their money out before the tax went into effect. Banks will stay closed through Wednesday and the Cypriot Parliament won't take up the bailout issue until ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 18, 2013 3:18pm Mar 18, 2013 3:18pm
- sidhujag
- Joined Apr 2009 | Status: Non-Member | 930 Comments
- Comment #2
- Quote
- Mar 18, 2013 3:35pm Mar 18, 2013 3:35pm
- lordvader666
- | Joined Mar 2013 | Status: Member | 1 Comment
- Comment #3
- Quote
- Mar 18, 2013 4:16pm Mar 18, 2013 4:16pm
- sidhujag
- Joined Apr 2009 | Status: Non-Member | 930 Comments